Tanzanian-born Mohammed 'Mo' Dewji joins Forbes list of AFrica's Richest this year. After studying business at Georgetown University, Mo returned to Tanzania where he took over a commodities trading business founded by his father. When the Tanzanian government decided to privatize loss-making state assets in the early 2000s, Dewji acquired them on the cheap and turned them profitable using lean management style. Today the METL Group, which he heads, is the largest privately held conglomerate in Tanzania with activities in distribution, textiles, manufacturing, agriculture and real estate. He is also the sole sponsor of Taifa, a local football club. Also a politician, Mo is a Member of Parliament representing the Singida constituency. A fitness buff, he spends an hour in the gym everyday.
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